Running Head SOCIAL ENTREPRENEURSHIP PROJECT .docx

Running Head: SOCIAL ENTREPRENEURSHIP PROJECT
1
SOCIAL ENTREPRENEURSHIP PROJECT
7
Social entrepreneurship project
[Name]
[Institution Affiliation]
[Author Note]
Social entrepreneurship has lately been a buzzword lately to
many industries. But good enough, entrepreneurs and
organizations have shown that the purpose and profit do not add
up to mutual exclusiveness but instead mutually beneficial.
Hopefully, this way of business will become the routine for
most organizations and industries. The primary objective the
social enterprise is to spot a need in the society and find
possible solutions to the problem identified. Most problems
have a social origin or purpose. A social entrepreneur should
balance properly the profit and use. The project should be done
in a smart way to avoid any loss. The enterprise’s profit should

support the purpose of the project.
In the contemporary society, there are issues which affect the
people living within. This includes social problems with unmet
needs. The primary aim of this project is to solve the social
problems affecting the youths in the society in a negative way.
Among the most hit in the community are the low-income
earners and the youth. This affects the greater population in the
community. The project concept was to engage the youth to
participate in free soccer games and other different projects
within the community. This was to reduce the rates of youth
dropping out of school, using drugs, engaging in early sex and
involving themselves with criminal gangs. Also considering the
level of idleness among the poor, there are very high chances of
developing stress.
Since the whole idea is to come up with a service that acts as a
reward, the approach is non profitable. The soccer field project
was entirely a non-profit organization. The utilization of the
facility was an opportunity given to all the youths to exercise
social cause. Hence, access to the service was entirely free to
the target groups. This should be achievable by cooperating
with the sponsors to freely provide the service free of cost. The
target groups are the youths and the low-income earners.
Anybody falling under the category has the right the mandate to
access the soccer field any time. Any revenue earned to be used
in developing the field to be fit for best services. This is
pictured to bring the best impact on the outcome of the target
group’s lives apart from making the place a better place.
The soccer field will be mainly dedicated to its main objective.
This is to reach to all the low- income members and the young
persons. As this will offer the people a way to enjoy and spend
their free time. The venture also aims at promoting healthy
living among the youths and people who cannot afford the gym
membership. The project’s Mission Statement will be, “The
soccer field project is a non-profit organization for the low-
income population and the youths in the community. The project
believes that the youths are the future of our society and

creating the values of commitment, teamwork and responsibility
will make them successful. The organization also strives to
improve the lives of the poor people. Our services will create a
stronger and a safer community for all.”
The target market enables an organization to concentrate its
efforts on a group of people are likely to benefit from an
individual product or service (Ziegler, 2009). The pan mainly
focuses on two groups, the youths and those people who are less
fortunate in the community.
The food program is also the core mission. Its main aim is to
eradicate hunger in the Bullock County by persistently bringing
about; growing and packaging food to ensure self-reliance
among the people. The packaged food is then distributed
through agencies and programs to ensure self-reliance. Since
food is the most squandered resource on the planet, need to
develop food bank is the best program.
Three main strategic resources will be used to execute the
program. Among them is the Human resource. This will mainly
engage employees who are at our disposal. The management
team will recruit and manage employees. Through this human
resource management, the staff will provide the program with
the competitive advantage to thrive. The funds will be used in
the production of goods for purchase of vehicles and equipment
to be used. . Thus, the land will be used by the youth to
facilitate the farm project.
In executing the project partnership program will highly matter
to the success of the project. This will include agencies and
programs like credit unions and banks. They will highly help
through money donations and help a lot in partnering food
vendors, wholesalers, and manufacturers who contribute foods.
Since nearly 20% of Bullock County are qualified for help
through Food Bank Program. This will be of great help to those
families who find it hard to put food on the table, and low-
income earners since they will because they will be assisted by
this initiative program. Almost half of the population to be
served is children and while nearly one-fifth are senior citizens.

In the beneficiary families, there is, at least, one individual
working (Edge 2014).
The Food Bank Program accumulates food in the central
warehouses in the city of Union Springs and distributes the food
to charitable social service agencies and programs in Bullock
County. The majority of the food to be distributed is packaged
in emergency boxes. Persons or families are qualified to be
given up to 15 emergencies per year. Each package has a 2-5
day supply of high-quality food. The other part of the resources
will be devoted to providing food to domestic treatment
facilities, luncheon programs; youth service hubs, nurture
families, children's initiatives and much more.
Food Bank Program administration team comprise of a board of
directors and an executive director of the top management. The
program will also comprise five coordinators in the initial
management. They are volunteer coordinator; Supplies
coordinator; Dispersal coordinator; Warehouse Coordinator;
Youth Farm coordinator.
The future organization chart will assume the top management
structure with the addition of executive assistant. The other
positions will be created as in below
Funds play the most important role in a smooth running of the
whole organization. Financial resources are one of the most
significant elements of a project, as it will determine its success
or failure (Ziegler, 2009). Since the soccer we are given to the
target group through a non-profit organization, around 70% of
the revenue is from the donors. First the group will approach
the state and the federal government. Since both forms of
government have formulated various strategies for improving
the quality of life for the youths and the poor. Another donor
group who promised to contribute something are the religious
organizations in the area, academic institutions, and individuals
who believe in the mission of the soccer ground services.
In total donors contributes towards three-quarters quarters of
the total revenue to support the soccer field plan, but the rest

will come from the different fundraising event. For instance, a
raffle fundraising is a favorite activity as compared to other
fundraising strategies that will ensure the project gets finances.
Sports activity funded by politicians, private organizations,
well-wishers among others groups also act as good funding
sources. . The cash prizes won from such competitions will go a
long way to support the project. Additionally, holiday
fundraising events can raise enormous funds because most
people are willing to support community projects during major
holidays such as Christmas and Easter (Comolli & Etchart,
2013).
In food programs, we will constantly engage a Fundraising
campaign that wills emphasis on engaging the local banks and
credit unions to accumulate donations to combat hunger.
Normally, food collection starts in October and November. Food
Bank Program will have donation bins in partnering banks and
credit union. Additionally, consumers in local retail food stores
may contribute money to Food Bank Program at the checkout
zones.
This program will proceed to 2014-2015 205 calendar year will
oscillate based on different seasons. In the autumn season, the
program will undertake its main fundraiser. The summer
months are estimated to behaving weak food collection months.
A program listed will be employed in food bank programs
fundraising, Food Collection (FC) Fill the Bucket (FTB,) Food
Rescue Express (FRE) Gleaning Youth Farm (YF). Food bank
program will be funded from various sources of capital; this
will include public and private entities. The program will be
funded by contributions from ten distinct corporate donors, a
grant from a private charitable trust, and Bullock County. The
assumptions are displayed in the following table and chart
(Macleod, 2013). The score card should be balanced. This is to
help the project managers see the business from the four most
important perspectives. It is balanced purposely to link the
performance.

Financial prospective
Funds
Community visits
Interface targets
Exploring new targets
Learning growth
Donors
Funds
At the end the project should measure the success by identifying
some indicators. This is by identifying many youths playing on
the ground and poor people. Food should also be available in
surplus on the food banks. After noting all this, then definitely
stress on people is reducing as well as hunger. At this point the
project will continue to expand to serve many people and offer
more benefits to the community.
References
Ziegler, R. (2009). An introduction to social entrepreneurship:
Voices, preconditions, contexts. Cheltenham, UK: Edward

Elgar.
Edge. (2014). Social Enterprise Business Ideas. Retrieved from
Edge: http://www.thesedge.org/whats-new/22-awesome-social-
enterprise-business-ideas
Macleod, M. (2013). UK's first 'social supermarket. Retrieved
from The
Guardian:http://www.theguardian.com/society/2013/dec/09/gold
thorpe-social-supermarket-community-shop-food-poverty
7
Company Background
Kobyashi Maru Pet Food USA, Limited is a subsidiary of a
Chinese company and is preparing to issue an audit report,
completed by your independent audit team, covering
comparative balance sheets as of December 31, 2006 and 2005,
and the income statements, statements of owners’ equity and
cash flow statements for the three years ended on December 31,
2006.
The Company’s common stock is traded on the New York Stock
Exchange and the Chinese Exchange.
Each of the following sets of facts is an INDEPENDENT audit
reporting scenario and should be addressed separately of the
others. You will address each scenario in an APA style
research paper that also will address the reporting inaccuracies
that differing international accounting standards create. You
will combine your findings into a comprehensive research
document of 3-5 pages excluding title page and references.
Detailed analysis is necessary as are references for your
conclusions.
Segment Reporting
Kobyashi Moru Pet Food, USA Limited, (hereinafter called

Kobyashi Moru) does not disclose segment information for its
various divisions and profit centers because Chinese accounting
standards do not require it. The Securities and Exchange
Commission (SEC) does not require such disclosures or
reporting delineations in required SEC filings for foreign
issuers of stock or securities.
Indicate the effect of the above cited differences on your audit
report that will be widely used by stakeholders and potential
stakeholders in the United States.
Explanatory and Opinion Paragraphs
Kobyashi Moru reports its inventory, fixed assets, depreciation
and cost of goods sold on a current value basis (fair market
value on the date of the financial statements).
Such accounting violates the cost principle of US GAAP. There
is a disclosure of the pertinent facts stating this in a footnote on
the key financial statements.
What factors as the auditor of record, should you consider in
deciding whether to issue a qualified or an adverse opinion in
your final audit report?
Draft the appropriate language, using text and scholarly
research references for the explanatory and opinion paragraphs
for:
a) A qualified opinion
b) An adverse opinion
Financial Statements Prepared using Chinese and GAAP
Standards
Kobyashi Moru prepares two sets of financial statements; one

set using Chinese standards and GAAP (as meager as those
standards may be) and the other for use in the US attempting to
conform to US GAAP. The Chinese financials contain a single
footnote describing the accounting principles used in the
original books of entry.
How should you report on these two sets of statements in your
final audit report?
Effect of Foreign Accounting Standards
In the preceding independent scenarios and research, you will
have found significant conflicting issues between global
reporting standards that will affect every audit engagement that
addresses books of original entry that utilize foreign GAAP that
are translated into financial statements. Your previous
coursework has taught you that in order for stakeholders to
accurately address financial performance metrics, they have to
be based on standards that are consistent and that follow US
GAAP rules.
Comparative analyses can only take place in an environment of
stable, static and consistent rules.
Social Entrepreneurship Proposal

Core Mission
The mission of Food Bank Program is to relieve hunger in
Bullock County by soliciting, collecting, growing, and packing
food to distribute through a network of agencies and programs
and ensure self-reliance. Services of the project include food
programs, emergency housing, meal sites for congregate,
domestic treatment services, and children's initiatives.
Strategic Resources
Food Bank Program will use three main strategic resources;
Human Resources
Human resources simply incorporate all the employees that will
be at our disposal. The right team of staff will provide the
program with the competitive advantage needed to thrive. The
management will manage their human resources, through
recruiting the needed type of employees by staff retention.
Capital Resources
Capital resources are the resources we will use in the
production of goods like collection vehicles and equipment.
Capital resources will be expensive and time-consuming to
acquire.
Natural Resources
Natural resources are those that are naturally provided by the
environment; for this case, the land will be integral to the youth
farm project. We will take advantage of the tracks of land in
Bullock County.
Partnership Network
The partnership network includes agencies and programs such
as; local banks and credit unions who help to collect money
donations and actively involves partnering food vendors,
wholesalers, and manufacturers who contribute foods.
Service Interface

Nearly 20% of Bullock County residents are qualified for help
through Food Bank Program. Low-income citizen, more so
families, who want emergency intervention to put food on the
table will be assisted by this proposed initiative. Almost half of
the populace to be served are children and while almost one-
fifth are senior citizens. In the beneficiary families, there is, at
least, one individual working (Edge, 2014).
Food Bank Program accumulate food in the central warehouse
in the city of Union Springs and distribute the food to charitable
social service agencies and programs in Bullock County.
Majority of the food to be distributed is packaged in emergency
boxes. Persons or families are qualified to be given up to 15
emergency per year. Each package have a 2-5 day supply of
high-quality food. The other part of the resources will be
devoted to provide food to domestic treatment facilities,
luncheon programs, youth service hubs, nurture families,
children's initiatives and much more.
Organization Chart – Initial
Food Bank Program administration team comprise of a board of
directors and an executive director of the top management. The
program will also comprise five coordinators in the initial
management.
1. Volunteer coordinator;
2. Supplies coordinator;
3. Dispersal coordinator;
4. Warehouse coordinator;
5. Youth farm coordinator.
Organization Chart – Proposed Future
The future organization chart will assume a different structure
with only the top management remaining with the addition of an
executive assistant. Other positions will be created as below.
Survey
Food Bank Program is a food bank serving Bullock County,

Albania. The program's emphasis is to find and exploit
resources for food in the county so that they can reduce hunger
amongst low-income residents and precisely families in the
region. The program will undertake the following;
1. Solicit and dispense food to community agencies.
2. Operates a youth farm project for young residents.
The population base for Bullock County is 587,200. Roughly
17% of the county's population is considered as low-income.
This denotes 120,000 residents who are potential beneficiaries
of services from Food Bank Program.
Children denote 47% of the county inhabitants who needs Food
Bank Program services. The program has recognized children
and their households as the main target consumers. It is
estimated that low-income number of children will go up in
Bullock County by 18% in the next five years. By 2020,
children will represent 55% of Food Bank Program's consumer
base (CG, 2015). With good involvement, the debilitation
impact of hunger can be eradicated. Subsequently, the residents
will be in a better position to successfully provide for their
children.
Budget – 12 Month & All Sub Detail
Fundraiser Plan (detailed)
Food Bank Program will instantly embark on a Fundraising
campaign that will emphasis on engaging the local banks and
credit unions to accumulate donations to combat hunger.
Normally, food collection starts in October and November. Food
Bank Program will have donation bins in partnering banks and
credit union. Additionally, consumers in local retail food stores
may contribute money to Food Bank Program at the checkout
zones.
Food Bank Program's monthly proceeds for the 2014-205
calendar year will oscillate based on different seasons. In the
autumn season, the program will undertake its main fundraiser.
The summer months are estimated to be having weak food
collection months.

The list below shows Food Bank Program's fundraising and food
soliciting programs:
1. Food Collection (FC)
Partnering vendors, wholesalers, and manufacturers will donate
food stuff. These contributors will contribute donations on a
monthly basis.
2. Fill the Bucket (FTB)
Each autumn season, Food Bank Program will drive a fundraiser
via local banks and credit union. Small bins in the shape of
bigger versions of Food Bank Program food bins will be
positioned at the counter of every teller.
3. Food Rescue Express (FRE)
Food Bank Program will assemble donated food from local
cafeterias to be instantly dispersed to programs in the region
that will, in turn, disseminate the food to their customers.
4. Gleaning
Harvest remains and unsold produce from farmers' grounds will
be collected by Food Bank Program associates. Each year
thousands of kilograms of fresh fruit and vegetables are
abandoned to rot or get plowed under the field. Gleaning will
minimize waste while nourishing people. Food Bank Program
will essentially recruit gleaning teams from the local support
program.
5. Youth Farm (YF)
The youth farm uses children in digression program or local
program to cater for "at risk" children to offer a learning
environment that make these children’s’ life turn around. The
harvest will be sold by the youth farm team members at an on-
site produce store. All revenues will be used to support Food
Bank Program programs.
Food Bank Program's start-up cost stand at $200,000. A big
percentage of the cost is contributed trucks and food collection
vehicles, as well as a storage warehouse facilities. The
remaining portion incorporates the expenses generally related to
opening an office. The program will be funded by contributions

from ten distinct corporate donors, a grant from a private
charitable trust, and Bullock County. The assumptions are
shown in the following table and chart (Macleod, 2013).
Government Grants to Pursue
Food Bank Program will be funded from different and various
sources of capital. This will include public and private entities.
There is the anticipation that funding will upsurge in the next
five years. The executive director and the board of directors are
the responsible heads in reviewing the program expenses and
making alteration to ensure the program solvency. Government
grants to pursue in the initial phase will include Bullock County
social kitty allocation (Svala, 2006).
References
CG. (2015). Colorado Grants. Retrieved from Colorado Grants:
http://www.coloradogrants.org/assets/pdf/centerville-
community-center.pdf
Edge. (2014). Social Enterprise Business Ideas. Retrieved from
Edge: http://www.thesedge.org/whats-new/22-awesome-social-
enterprise-business-ideas
Macleod, M. (2013). UK's first 'social supermarket. Retrieved
from The Guardian:
http://www.theguardian.com/society/2013/dec/09/goldthorpe-
social-supermarket-community-shop-food-poverty
Svala, H. D. (2006). Nonprofit Food Bank Societal Plan.
Retrieved from Plans:
http://www.bplans.com/nonprofit_food_bank_business_plan/mar
ket_analysis_summary_fc.php

Social Entrepreneurship
Start-up Concept
The proposed project intends to solve some social problems in
the community thus fulfilling unmet needs. In the contemporary
world, various issues are affecting the society in a negative
way. The youths, as well as the low-income people, are the most
affected. For instance, some young people drop out of school,
abuse drugs, engage in premarital sex or form criminal gangs
(Comolli & Etchart, 2013). As a result, most end up in prison,
have unwanted pregnancies or fail in life. Equally, the poor
people are likely to have high levels of stress because of
problems. Furthermore, they can also engage in some of the
activities mentioned above. The concept of reducing these
social issues is an opportunity for starting the free soccer field.
There are also very few projects in the community that serve the
same purpose as the one the soccer field intends to do.
Approach a Non-profit
The development of the concept involves creating a service that
will act as a social reward. The concept of the soccer field will
push through a non-profit organization. The idea is to utilize the
opportunity to achieve a social cause instead of earning profits.
For that reason, access to the soccer field will not cost the
target groups any money. The organization will cooperate with
interested sponsors to provide the service free to the low-
income persons and the young individuals. So long as a person
falls into the category of the target group, he or she can access
the soccer grounds any time of the day. In addition, if the
organization ever gets any revenue, the proceeds will develop

the soccer ground for better services. The service will strive to
involve as many young and poor people as possible to make the
society a better place to live.
Mission and Mission Statement
The soccer field project will strive to transform the society by
reaching to the low-income members and the young persons. As
such, it will offer this group of individuals as a way of spending
their free time. It will encourage teamwork and commitment by
creating friendships through soccer. The venture also aims at
promoting healthy living among the youths and people who
cannot afford the gym membership. According to Comolli and
Etchart (2013), self-worth and dignity are essential elements of
a quality life and the project will create such an opportunity for
the vulnerable people.
Mission Statement
“The soccer field project is a non-profit organization for the
low-income population and the youths in the community. The
project believes that the youths are the future of our society and
creating the values of commitment, teamwork and responsibility
will make them successful. The organization also strives to
improve the lives of the poor people. Our services will create a
stronger and a safer community for all.”
Target Market
The target market enables an organization to concentrate its
efforts on a group of people are likely to benefit from an
individual product or service (Ziegler, 2009). The plan aims at
focusing on two groups of people: the youths and the less
fortunate members of the community. A majority of the youths
are likely to involve themselves in negative activities such as
drug abuse and gangs. Moreover, some of them still depend on
their parents for money to spend on co-curriculum activities.
Therefore, the soccer field will ensure the youths in the
surrounding areas spend their leisure time playing soccer. The
second category of the target market is the low-income
individuals. This group does not have enough money to access
soccer fields. As such, providing them with a free soccer field

will assist them in participating in a healthy activity to reduce
stress.
Key Donor Groups
Financial resources are one of the most significant elements of a
project, as it will determine its success or failure (Ziegler,
2009). Since the soccer ground services will be offered to the
target group through a non-profit organization, around 70% of
the revenue is from the donors. Firstly, the organizers of the
project intend to approach the state and the federal
governments. Both forms of governments have adopted various
strategies for improving the quality of life for the youths and
the poor. As such, the soccer field projects is one of the
strategies of fulfilling the government’s policies. The other
donor group is the religious organizations in the area. Some
churches have pledged to contribute a substantial amount of
financial resources to the cause. A few business groups will also
donate funds to the project as part of their corporate social
responsibility. Moreover, since academic institutions are
unable to provide playing grounds for all members of the
society, some of them have promised to fund the project. Lastly,
the project expects to receive some donations from individuals
who believe in the mission of the soccer ground services.
Key Fundraising Activities
The donors contribute towards three-quarters of the total
revenue to support the soccer field plan, but the rest will come
from different fundraising events. For instance, a raffle
fundraising is a favorite activity as compared to other
fundraising strategies that will ensure the project gets finances.
The plan can work better if the local businesses donate some
raffle prizes. The other event is engaging in contests like sports
competition funded by politicians, private organizations, well-
wishers among other groups. The cash prizes won from such
competitions will go a long way to support the project.
Additionally, holiday fundraising events can raise enormous
funds because most people are willing to support community
projects during major holidays such as Christmas and Easter

(Comolli & Etchart, 2013).
Measuring Success
The aim of the soccer ground venture is to guarantee that the
youths and the low-income population participate in
constructive activities to reduce their chances of engaging in
dangerous activities. Consequently, the project will determine
its success by identifying some indications. Firstly, if there are
many youths and poor people playing soccer on the field, then it
means the venture is serving its purpose. Without a doubt,
reduction of risky behaviors like drug abuse, theft as well as
gang activities in the community is a sign of achievement.
Besides, a decrease in stress among the target market groups is
a good indication of the accomplishments of the soccer field
project. After measuring the success of the project then it will
continue expanding to offer more benefits to the society.
References
Comolli, L., & Etchart, N. (2013). Social enterprise in emerging
market countries: No free ride.New York, NY: Palgrave
Macmillan.
Ziegler, R. (2009). An introduction to social entrepreneurship:
Voices, preconditions, contexts. Cheltenham, UK: Edward
Elgar.

Running Head SOCIAL ENTREPRENEURSHIP PROJECT .docx

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